lawsuits
A New York judge has called off a deal between Google and the book industry that would have created a universal library. But a new deal could still go forward with modifications.
Lawyers' Carelessness Was Key to the Mortgage Mess
10:20AM 2/01/2011
Columns, Economy, Investing, JP Morgan Chase, Bank of America, Real Estate, Credit
As multiple lawsuits and SEC actions progress in relation to the nation's mortgage mess, it's becoming clear that the misbehaviors of the lawyers involved at all stages were not isolated incidents: The misconduct was systemic, and it's time to start holding those lawyers accountable.
Glaxo Faces First of Many Possible Avandia Trials
12:00PM 1/24/2011
Company News, Columns, Investing, GlaxoSmithKline, Stocks in the News
Did GlaxoSmithKline's blockbuster diabetes drug Avandia cause fatal heart attacks? The first federal trial of an Avandia lawsuit began this morning in Philidelphia. As many as 50,000 more lurk in the wings.
Justice Department Investigates UPS and FedEx
6:30PM 1/07/2011
The U.S. Justice Department has begun an investigation into the country's two largest delivery companies, UPS and FedEx. Both have policies aimed at preventing customers from negotiating lower shipping rates through third parties.
Allstate Sues Bank of America, Countrywide Over Mortgage-Backed Securities
5:30PM 12/28/2010
Company News, Investing, Bank of America, Stocks in the News
Allstate is suing Bank of America and its Countrywide Financial division over Countrywide's sale of $700 million in mortgage-backed securities to the insurance giant, alleging that Countrywide knew in advance that the assets would drop in value because of a high percentage of defaults.
Toyota's Latest Recall: 94,000 Sienna Minivans
1:50PM 12/13/2010
The beleaguered Japanese carmaker is sending notices to Sienna owners to warn them of brake-light switch brackets that are susceptible to damage and could lead to eventual loss of braking effectiveness. No accidents relating to the defect have been reported.
JPMorgan Faces Lawsuit Over Madoff Fraud
6:30PM 12/02/2010
A court-appointed trustee is suing JPMorgan Chase for its alleged involvement in Bernard Madoff's multibillion-dollar Ponzi scheme. The investment bank was Madoff's primary bank for 20 years. JPMorgan said it didn't know about -- much less assist -- Madoff's fraud.
Wyeth Loses Appeal Over Hormone Replacement Drugs
9:00PM 11/24/2010
Wyeth Pharmecuticals on Wednesday lost its appeal of a decision that awarded $58 million in damages to three women who claimed the company's hormone-replacement drugs caused their breast cancer. The news could bode badly for the Pfizer-owned company, which has thousands of such cases pending.
Toyota Wants Unintended Acceleration Lawsuits Thrown Out
2:00PM 11/02/2010
Toyota has asked a federal court to dismiss lawsuits seeking damages related to the recall of millions of vehicles for possible unintended acceleration. The automaker has a simple argument: No one has ever demonstrated what is wrong with Toyota's cars, if anything.
N.Y. Court: You Still Can't Sue Accountants, Lawyers for Clients' Fraud
11:00AM 10/22/2010
New York's highest court just gave a big gift to accountants, lawyers, and any other outside professional in a position to detect fraud at one of their corporate clients: The court ruled that shareholders still can't sue them for failing to detect the fraud.
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| 2.39 | -0.02 -0.83% | 45.92M |
% Gainers
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| 4.01 | +0.57 +16.57% | 807,740 |
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